Huddersfield is a large market town and is the largest settlement in the metropolitan borough of Kirklees, West Yorkshire, England. Halfway between Leeds and Manchester, it lies 10.3 miles south of Bradford, the nearest city.
Huddersfield is a manufacturing town, despite the university being the largest employer. Historically the town produced textiles, although the number of people who work in textiles has declined.
The town is home to textile, chemical and engineering companies; including Brook Motors Ltd founded by Ernest Brook in 1904,that would become known all over the world. Against conventional wisdom, he started making alternating current electric motors, and he did this in one room with two assistants and starting capital of just £300. On its 50th anniversary in 1954 it employed more than 2,000 people and, with Ernest’s sons Frank and Jack in charge, was the largest exclusive producer of AC motors in the world, and had a turnover of £4,500,000.
That same year Brook Motors Ltd operated 10 factories in Huddersfield, its biggest being Empress Works on St Thomas’s Road, and had just opened one at Barugh Green, Barnsley.
Cummins Turbo Technologies (turbocharger manufacturers), Huddersfield Fine Worsteds (textiles), Taylor & Lodge (textiles), C & J Antich (textiles), Syngenta AG (agro-chemicals), Pennine Radio Limited (electronics transformers and sheet metalworking) and a large number of niche manufacturers, such as Dual Seal Glass (maker of spandrel glass panels) and Ellis Furniture (producer of kitchen and bathroom furniture.
Huddersfield has one of the largest economies within the Leeds City Region and is home to a satisfying mix of world-leading organisations and smaller creative businesses. Yet the cost of living remains relatively low, making Huddersfield and surrounding towns desirable locations for businesses and individuals alike.
Huddersfield is an integral part of the Leeds City Region, the majority of which is within a 1-hour drive. As a single economic unit, Leeds City Region has a population of 2.9 million, a labour force in excess of 1.3 million and an annual economy of £52bn. The area's economy is worth £5.75bn. GVA (Gross Value Added) is projected to increase by 37%, equivalent to £2bn, by 2026
It has the third largest manufacturing employment base in the country (behind Birmingham and Leeds) with 30,300 jobs. A total of 13,930 employers are based within the Huddersfield area, employing 150,200 individuals.
The area is in the top ten locations for the number of residents in work, with 186,200 residents in work & there are 2,300 businesses in the creative and digital sector within the area.
For more information about Huddersfield & its suitability for HMO property investment, please get in touch on 01302 564263 or email email@example.com.
Please also see our Market Summary for the reasons why Huddersfield & the North of England are prime for HMO property investment.